Tata Health International Reports Loss of Records and Loss of Subsidiary Control

Reuters
Nov 10
<a href="https://laohu8.com/S/01255">Tata Health</a> International Reports Loss of Records and Loss of Subsidiary Control

Tata Health International Holdings Limited has announced key findings from an internal control review, revealing significant accounting issues. The company was unable to locate books, records, and balances for certain subsidiaries, specifically Shang Ying International Trade Holdings Limited and Shang Ying New Retail Group Holdings Limited, due to a loss of contact with the former director responsible for them. Additionally, the review found that there was no formal Group-level financial reporting management policy at other key operating subsidiaries. As a result, the company has been advised to establish comprehensive financial reporting policies and procedures. Trading in the company's shares remains suspended. Shareholders and investors are advised to exercise caution.

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